What is the Market Like For Cleaning Businesses?

Despite the recent downturn of the economy, the janitorial industry is expected to grow around 6.2% by 2022.

While commercial cleaning services account for the majority of the cleaning industries revenue, the residential cleaning sector continues to grow, especially as the number of dual-income households also continues to grow.

These statistics are great news for anyone wanting to start their own cleaning business, whether commercial or residential.

Researching the market is a crucial step in starting a new business, as it will give you genuine insight as to whether or not you are making a smart decision.

Starting a new business is an industry that is struggling and seeing downward trends is risky and offers you fewer chances as a success than a prosperous and growing industry can.

Things To Consider When Starting Your Business

To make sure you are protected against any potential issue your cleaning company may run into, you can look into getting a custom insurance package. A custom insurance plan for a janitorial company may include coverage such as property damage, employee theft, bodily injury, and lost keys.

You will need to ensure you have the appropriate government permit required to run a business, as well as any additional janitorial related licenses, such as chemical safety training, WHMIS safety tickets, etc.

Take The Plunge!

Still interested in entering the cleaning business industry? With the upward trend continuing in the janitorial industry, now is the time to take the plunge.

As with any business, your new cleaning business will come with a lot of financial and physical requirements, such as insurance, permits, equipment, etc.

If you have done your research and are ready and willing to put the time, effort, and money into building your business correctly, and it is something you are excited and passionate about, then opening a cleaning business sounds like the right path for you!